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re: I'm selling a condo FSBO and the buyer's realtor has contacted me
Posted on 6/9/16 at 11:29 pm to boosiebadazz
Posted on 6/9/16 at 11:29 pm to boosiebadazz
the whole realtor thing is a strange world.
when we were looking to buy a house, starting a couple of years ago, we decided we did not want a buyer's agent. We would look online, then go drive by the place, and if it looked decent, we would call the listing agent.
8 times out of 10, our calls were never returned.
When the calls were returned, they said sure, we will show it to you. We'd go out there and every single time, They would try to get us to sign an agreement to basically have them be our buyer's agent. i thought that was weird since they were the listing agent, but they all said, well, hey, if this house is not for you, we can show you others!!!! I told all of them no thanks.
Ended up buying this house FSBO. Neither party had an agent. We each hired an attorney to help us with the legal stuff and the closing company was a huge help as well.
when we were looking to buy a house, starting a couple of years ago, we decided we did not want a buyer's agent. We would look online, then go drive by the place, and if it looked decent, we would call the listing agent.
8 times out of 10, our calls were never returned.
When the calls were returned, they said sure, we will show it to you. We'd go out there and every single time, They would try to get us to sign an agreement to basically have them be our buyer's agent. i thought that was weird since they were the listing agent, but they all said, well, hey, if this house is not for you, we can show you others!!!! I told all of them no thanks.
Ended up buying this house FSBO. Neither party had an agent. We each hired an attorney to help us with the legal stuff and the closing company was a huge help as well.
Posted on 6/10/16 at 5:58 am to LSUFanHouston
quote:
Ended up buying this house FSBO. Neither party had an agent. We each hired an attorney to help us with the legal stuff and the closing company was a huge help as well.
That's what I was planning on doing. My mom is an active real estate investor and has bought multiple properties, I'm a lawyer, and I have friends from law school who are title/ closing attorneys. I didn't need any help on my side to get the paperwork done, and I'm sure between all of that, we could have gotten this done without a realtor.
I don't mind the buyer wanting someone to walk them through the process, I just think it is absurd her fee should come from my end of the deal. Her interests aren't even aligned with his. The higher the sales price, the more commission she stands to make. The whole thing seems backwards.
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